Personal Contract Purchase (PCP) representative example
Based on a cash price of £37,495 with a £3,750 deposit total, borrowing £33,746 at a representative APR of 9.90% and the following:
- 47 monthly payments of:
£628.63
- Final payment:
£13,338.45
- Cash price:
£37,495.00
- Customer deposit:
£3,749.50
- Total deposit:
£3,749.50
- Amount of credit:
£33,745.50
- Total amount payable:
£46,633.56
- Option to purchase fee:
£0.00
- Documentation fee:
£0.00
- Rate of interest:
9.90%
- APR:
9.90%